JSE moots pan-African bourse

Moves to create a pan-African stock exchange are well
underway at JSE Securities Exchange South Africa (JSE) under
the auspices of New Partnership for Africa's Development
(Nepad), the goal of which is the further development of
African capital markets, including the listing of new equity
derivatives products.

The news emerged at the June meeting of World Economic Forum
(WEF) in Durban. JSE revealed it was making progress in
developing a model for the new pan-African exchange that would
use JSE's infrastructure while allowing individual African
exchanges to retain their autonomy and list their counters
commonly, and permit all exchange members to trade, clear and
settle on the new market.